Spot the Impostor: Tackling the Rise in Social Engineering Scams
Social engineering scams are on the rise worldwide. According to the U.S. Federal Trade Commission, impostor scams were the number one type of fraud reported by consumers last year. Legacy-based fraud prevention measures are no longer a match on their own for cybercriminals who have learned to easily spoof them, and new approaches that provide deeper visibility into risk across a digital session are required.
This white paper examines the recent outbreak of social engineering scams around the globe, how government and industry are responding, and how behavioral biometrics is helping financial institutions protect their customers from falling victim to these attacks.